Search found 5649 matches

by Fallible
Wed Feb 22, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 50
Views: 4618

Re: What are the big things to get right?

BH Philosophy: 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with simplicity 10 Stay the course :thumbsup
by Fallible
Mon Feb 20, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? Seven Week Update
Replies: 131
Views: 10828

Re: Learning an instrument as an adult?

So just a little update here... After a painful couple of weeks, my arm and wrist finally conceded the point that we were going to learn to play. I'm happy to say that while I still feel the effects of some exertion in my left forearm, the discomfort of holding a violin is mostly gone. I've gotten ...
by Fallible
Sun Feb 19, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: What to do? [fearful of potential losses]
Replies: 6
Views: 644

Re: What to do?

I've been a boglehead for many years in my investment approach. I get staying the course. BUT....what if I'm worried that we could be in for a considerable period of market volatility with the potential for significant loss of portfolio value. Although I weathered 2008-2009 by staying the course, I...
by Fallible
Sat Feb 18, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced and starting to invest...suggestions on where to start?
Replies: 13
Views: 560

Re: Inexperienced and starting to invest...suggestions on where to start?

Please read the following links by one of the great financial authors, WSJ columnist Jason Zweig, beginning with "The Dying Business of PIcking Stocks," followed by "When Stock Pickers Stop Picking Stocks." Then read the wiki's "Getting Started," as suggested here. Afte...
by Fallible
Fri Feb 17, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger's Comments on Index Funds versus "Stock Picking"
Replies: 12
Views: 2106

Re: Charline Munger on Index Funds

Thanks for the link....will check it out. Charlie is right there up on my Mt. Rushmore of Investing. Currently reading "Charlie Munger The Complete Investor"; very interesting reading. Don The book is excellent, essentially about wisdom in investing, business, and life and what it takes t...
by Fallible
Fri Feb 17, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: 88 Year Old Mother - advice needed
Replies: 15
Views: 945

Re: 88 Year Old Mother - advice needed

My mom has about 800k in cds. She lives in her owned condo, is in great health, her mom lived to 100. She is looking for a bit more return. She pretty much lives off of social security and an IRA. What vanguard accounts should she consider? Any advice is appreciated! thank you It would help to know...
by Fallible
Thu Feb 16, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's the secret to happiness?
Replies: 39
Views: 2560

Re: What's the secret to happiness?

What has always interested me about happiness is research showing it can be inherited, that there is a "happiness gene," and that it can tie into basic optimism, also inherited. People lucky enough to be basically happy may find it easier to rebound from serious, even tragic setbacks in th...
by Fallible
Wed Feb 15, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why own individual stocks?
Replies: 77
Views: 4824

Re: Why own individual stocks?

Overconfidence, i.e., thinking you're better than average, is often a reason average investors own individual stocks. What "benefit" is there to owning individual stocks? Probably for the reasons posted here, but here are a couple articles from WSJ columnist and author Jason Zweig that sug...
by Fallible
Wed Feb 15, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 10051

Re: Bogleheads not the norm?

Couple thoughts: First, hopefully you've got the idea that with the bogleheads as most groups there is a truism that I believe originated with Walter Mischel: "There's more variation within groups than between groups." So, not all bogleheads are alike. The many varied responses you've rec...
by Fallible
Wed Feb 15, 2017 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Stock Market Fears
Replies: 54
Views: 5352

Re: Stock Market Fears

For many years now I have stayed the course, but lately I have begun to wonder if this is a wise plan. I recently read a post by a Boston economist who suggested moving everything to short-term Treasuries in anticipation of a market crash. My husband and I have considerable assets and right now are...
by Fallible
Wed Feb 15, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: Beating the market through behavioral finance.
Replies: 51
Views: 3030

Re: Beating the market through behavioral finance.

... A behavioral finance strategy cannot profit off one who is resolved to stay the course no matter what. ... I'm still not certain what you mean by a "behavioral finance strategy" so bear with me. I think you mean manipulation of investors not in sufficient control of their emotions suc...
by Fallible
Tue Feb 14, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: Beating the market through behavioral finance.
Replies: 51
Views: 3030

Re: Beating the market through behavioral finance.

... A behavioral finance strategy cannot profit off one who is resolved to stay the course no matter what. ... I'm still not certain what you mean by a "behavioral finance strategy" so bear with me. I think you mean manipulation of investors not in sufficient control of their emotions suc...
by Fallible
Tue Feb 14, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Moving 20% into cash
Replies: 32
Views: 2683

Re: Moving 20% into cash

The market did very well during the last 1.5 month (up 5%, translate 40% annually). So I decide to move 20% from equity to cash to lock some of the profit. While I still have 80% in the stock market (no bonds). So if the market is doing well during rest of year, I will still enjoy 80% of the growth...
by Fallible
Tue Feb 14, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Please help! Father is addicted to Timeshares
Replies: 19
Views: 2442

Re: PLEASE HELP! Father is addicted to TIMESHARES

You said you have talked with your father about this, but what did he say? How well does he understand this and his finances overall, especially in preparation for retirement? Your mother died just a short time ago, so he could still be grieving and distracted. If he is willing to discuss this with ...
by Fallible
Tue Feb 14, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: Beating the market through behavioral finance.
Replies: 51
Views: 3030

Re: Beating the market through behavioral finance.

Hedge funds are run by people. Hedge funds returned only 23 percent from 2010 to 2015, compared with 108 percent for the S&P Index. I exploited this in the best way possible- by hardly lifting a finger. Too bad us mere mortals can't short the hedge funds or receive million dollar bonuses for su...
by Fallible
Mon Feb 13, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Standing on the shoulders of giants - thanks
Replies: 5
Views: 595

Re: Standing on the shoulders of giants - thanks

Hello Bogleheads, I simply want to thank the community for the the compendium of knowledge and advice. I've been benefiting from the forum for a few years now, but have never really needed to post a question due to the breadth of topics covered in the forum and the wiki. Like so many other things i...
by Fallible
Sun Feb 12, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2417
Views: 609645

Re: What Movie Have You Recently Watched?

Watching the sloths, I thought it's not just that they move so slooooowly, but that the rest of us move so fast, which may say more about us than them. "travelight wrote: Not sure what this says about me, but the DMV sloth scene is possibly my favorite scene of all time. I feel like I live tha...
by Fallible
Sat Feb 11, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Holding cash while researching investment manager
Replies: 31
Views: 856

Re: Holding cash while researching investment manager

Used a Schwab broker to manage the $700k portfolio in the past and did very well. For what it's worth, the 70 basis points is on a sliding scale that reduces as the portfolio grows. Respectfully, I'm just not the kind of person that will manage myself. Call me a sucker or whatever but 70 basis poin...
by Fallible
Sat Feb 11, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: "factor investing is more art, and less science"
Replies: 11
Views: 637

Re: "factor investing is more art, and less science"

avalpert wrote:It is a reasonable argument[*] - but the line works just as well if you leave the word 'factor' out of it. ...


"Investing is not a science. It is a human activity that involves both emotional as well as rational behavior." ~John Bogle
by Fallible
Thu Feb 09, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2417
Views: 609645

Re: What Movie Have You Recently Watched?

Zootopia - What fun! Wonderful animation (detailed and subtle facial expressions and correct movements for each and every animal), clever dialogue, and the perfect ending, especially if you remembered who never made it off the train at the beginning. I watched the sloths scene several times and won...
by Fallible
Thu Feb 09, 2017 8:52 pm
Forum: Personal Consumer Issues
Topic: Financial Movies and Shows
Replies: 37
Views: 3269

Re: Financial Movies and Shows

Money Monster.
by Fallible
Thu Feb 09, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: Too good to be true? [Bogleheads' model of index investing]
Replies: 48
Views: 5599

Re: Too good to be true? [Bogleheads' model of index investing]

Everyone - thank you for the thoughtful responses. I was, admittedly, being a bit cheeky in my original post, but was genuinely interested in what you all had to say. I'm continually amazed by the collective wisdom of this forum. ... I think the cheekiness was suspected :), but also a challenge for...
by Fallible
Tue Feb 07, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2417
Views: 609645

Re: What Movie Have You Recently Watched?

Zootopia - What fun! Wonderful animation (detailed and subtle facial expressions and correct movements for each and every animal), clever dialogue, and the perfect ending, especially if you remembered who never made it off the train at the beginning. I watched the sloths scene several times and won...
by Fallible
Tue Feb 07, 2017 5:48 pm
Forum: Investing - Theory, News & General
Topic: Too good to be true? [Bogleheads' model of index investing]
Replies: 48
Views: 5599

Re: Too good to be true?

I think the catch is the psychology of investing. The Boglehead approach is extremely easy from a mechanical point of view, not so much from a psychological point of view. People are always posting stories about being scared into all cash or falling for sales pitches for Whole Life policies or taki...
by Fallible
Mon Feb 06, 2017 9:01 pm
Forum: Investing - Theory, News & General
Topic: Too good to be true? [Bogleheads' model of index investing]
Replies: 48
Views: 5599

Re: Too good to be true?

I am very much sold on the Boglehead model of index investing, and have been practicing it for the majority of my (short) time in the market. However, I often find myself thinking about the old adage "If it sounds too good to be true, it probably is." Well, is it? Our method is low-cost, ...
by Fallible
Sun Feb 05, 2017 6:55 pm
Forum: Investing - Theory, News & General
Topic: "The Undoing Project," by Michael Lewis
Replies: 19
Views: 4149

Re: "The Undoing Project," by Michael Lewis

There is a terrific chapter about behavioral economics in The Bogleheads' Guide to Investing , Second Edition. See Chapter 19, page 223. Kahneman and Tversky's work is discussed. Agree. And that chapter, titled "Mastering Your Investments Means Mastering Your Emotions," was written around...
by Fallible
Thu Feb 02, 2017 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 8064

Re: How do you guys ignore this stuff?

... So, yes, I think it's hard to ignore the noise for everybody to a certain degree, especially today when there's so much of it, but staying the course has been the only proven strategy and it's what has gotten us all to where we are now. ... Thing is, it's harder for some to recognize and ignore...
by Fallible
Thu Feb 02, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Bobbie Christensen "She explains how to find safe and secure investments with 100%+ growth per year."
Replies: 55
Views: 5183

Re: Bobbie Christensen "She explains how to find safe and secure investments with 100%+ growth per year."

There have been at least two forum threads on these kinds of classes (including EJ) at community colleges and local community ed services:

viewtopic.php?t=174337
viewtopic.php?t=200436
by Fallible
Thu Feb 02, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: Pet insurance for new puppy
Replies: 54
Views: 2991

Re: Pet insurance for new puppy

We've had dozens of pets and have always self-insured. It has always worked out for the best, except for our current dog. Getting ready to go for orthopedic surgery number 3 so I figure we'll have about 15k into her two back legs by the time this one is done. Never thought twice about spending the ...
by Fallible
Thu Feb 02, 2017 12:48 am
Forum: Personal Consumer Issues
Topic: Pet insurance for new puppy
Replies: 54
Views: 2991

Re: Pet insurance for new puppy

thanks for the replies, i think we will plan to self-insure. regarding the advice to find a good vet, how does one go about doing that? do you have to interview every vet in a reasonable distance from home? word of mouth from friends who have dogs (but what if they just went to the first vet they v...
by Fallible
Wed Feb 01, 2017 10:17 pm
Forum: Personal Consumer Issues
Topic: Pet insurance for new puppy
Replies: 54
Views: 2991

Re: Pet insurance for new puppy

I volunteer for a large animal rescue group and pay a lot of vet bills. Skip the insurance and spend the effort finding the best vet in your area. Better does not mean the most expensive. Some vets charge 2X other vets for the same thing. I would second this. You want to find a good vet who basical...
by Fallible
Wed Feb 01, 2017 10:01 pm
Forum: Local Chapters and Bogleheads Community
Topic: Interview with Mel Lindauer, President of The John C. Bogle Center
Replies: 7
Views: 1289

Re: Interview with Mel Lindauer, President of The John C. Bogle Center

Thanks Mel and Barry for the update of the Center's funding needs and plans to carry out Jack Bogle's mission.
by Fallible
Wed Feb 01, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Promoting financial literacy in school
Replies: 6
Views: 617

Re: Promoting financial literacy in school

Thanks for the link. The program appears quite comprehensive, including follow-up with students such as this: https://www.financialbeginnings.org/who ... myCarousel
by Fallible
Wed Feb 01, 2017 7:28 pm
Forum: Local Chapters and Bogleheads Community
Topic: Amazon Smile: John C Bogle Center
Replies: 17
Views: 1998

Re: Amazon Smile: John C Bogle Center

Liberty1100 wrote:I couldn't find more about the JOHN C BOGLE CENTER FOR FINANCIAL LITERACY from a quick google search. Can someone provide more information about it?


viewtopic.php?t=209861K
by Fallible
Wed Feb 01, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Daughter
Replies: 44
Views: 3355

Re: Spendthrift Daughter

Agree with others here that your wisest move is to talk with a good estate lawyer. Also, considering the deeply personal, emotional, and private nature of this matter, I feel it would be wrong to advise further.
by Fallible
Tue Jan 31, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3205

Re: Are you changing your AA based on current events?

... That said, are you changing (or considering changing) your AA based on what has been happening, one way or another? This is something I have been seriously thinking about, and I would like to see what others are doing (or considering). ... I would change my AA to lower equities if I were worrie...
by Fallible
Wed Jan 25, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Two dimensional risk tolerance assessment process, by Michael Kitces
Replies: 5
Views: 785

Re: Two dimensional risk tolerance assessment process, by Michael Kitces

It’s a well thought-out article and thanks for posting. it will be interesting to see whether advisors think such a two-dimensional assessment could improve current client questionnaires. But even if it could, determining emotional risk tolerance is ultimately a matter of “know yourself,” of the ind...
by Fallible
Wed Jan 25, 2017 1:52 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 7314

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Taylor: Have a wonderful birthday and many more to keep reminding us of that "majesty of simplicity." :beer
by Fallible
Mon Jan 23, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2417
Views: 609645

Re: What Movie Have You Recently Watched?

About Hitchcock's Psycho... You may have seen Roger Ebert's 1998 review, which I thought was one of the best, in particular his description of the shower scene, which he considered "the most effective slashing in movie history, suggesting that situation and artistry are more important than gra...
by Fallible
Wed Jan 18, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation at age 33
Replies: 26
Views: 2328

Re: Asset Allocation at age 33

Is there any good reason not to have 100% equities in my 401k at age 33? I dont mind the ups/downs...been through 08/09 crash and couldnt have cared less. Just more buying opportunity at a lower pric e. ... Not only will you have more money to lose in the next crash, but the next one could last lon...
by Fallible
Tue Jan 17, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?
Replies: 65
Views: 3864

Re: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?

This strategy doesn't really make sense. If you really want to gamble, wouldn't the real money be in small-cap stocks? Stocks that are poorly researched, not covered by institutional investors, and with the potential for massive gains or massive losses (which is what you want - a gamble)? Gambling ...
by Fallible
Mon Jan 16, 2017 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: What's a bearish investor to do?
Replies: 33
Views: 4244

Re: What's a bearish investor to do?

... I'm well aware that the established orthodoxy on this forum calls for staying in the market regardless of valuations or current events. I'd rather focus on how to construct a portfolio that limits exposure to equity downside risk (and possibly overexposure to the US dollar). The Boglehead "...
by Fallible
Mon Jan 16, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6368

Re: Cardinal Sin - went to cash the day before 2016 election

I can sympathize. I've never tried to time the market before but literally logged into Fidelity on election night and pondered hitting the button to go all cash. Like you, I was surprised at the market reaction to the election. Fortunately, my better angles prevailed. All you can do is take it as a...
by Fallible
Mon Jan 16, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is the housing market like stocks? When do you think prices fall again?
Replies: 38
Views: 3021

Re: Is the housing market like stocks? When do you think prices fall again?

Is the housing market actually cyclical, or is it like the stock market where everything is already "priced in" and will stay that way until there's no information? I want to hear from more experienced older folk who've seen how the housing market has gone. Does it go up and down regularl...
by Fallible
Sun Jan 15, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: 3 Vanguard Funds That Are Taking on Water
Replies: 29
Views: 5657

Re: 3 Vanguard Funds That Are Taking on Water

This article is so bad, including plainly factually incorrect information that I am going to try and find the time to write a blog on it, in the investment porn category is what this is. Larry +100!!! He lost me at the subtitle at the article: " Near-term market conditions don't look good ...&...
by Fallible
Sun Jan 15, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: 3 Vanguard Funds That Are Taking on Water
Replies: 29
Views: 5657

Re: 3 Vanguard Funds That Are Taking on Water

This article is so bad, including plainly factually incorrect information that I am going to try and find the time to write a blog on it, in the investment porn category is what this is. Larry Thank you, Larry. It's not only bad but obviously so in nearly every sentence, offering readers a lesson o...
by Fallible
Sun Jan 15, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6368

Re: Cardinal Sin - went to cash the day before 2016 election

Don't beat yourself up for that decision - most of us arrived here with some poor financial decision(s) in our past also! I'd go with the recommendation to jump back into a balanced portfolio, lifestyle or target date fund, since you indicated a balanced portfolio was what you were invested in befo...
by Fallible
Sat Jan 14, 2017 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6368

Re: Cardinal Sin - went to cash the day before 2016 election

Prior to 2016 election I went to the sidelines with my entire portfolio. I know the cautions against market timing but truly thought the emotional- hence market reaction would be different :beer . As a result, I would like to seek advice on how to manage my retirement moving forward: how to get bac...
by Fallible
Fri Jan 13, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Stock or Bust?
Replies: 17
Views: 1902

Re: 100% Stock or Bust?

You should study the problem of how much risk you should take in investing and decide for yourself the best plan. There is no cut and dried formula and lots of things to think about. I like the discussion presented by Larry Swedroe in some of his books based on the concepts of need/ability/willinge...
by Fallible
Fri Jan 13, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 4025

Re: Inquiring about family finances?

I guess this begs another question that I've wondered about lately: Why is it so awkward and uncommon to discuss finances? Don't you think this is part of the reason why most people don't know much about saving, financial management, retirement planning etc? It's virtually all self-learned. ... You...

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